- Operations at 16 airports have started under regional connectivity scheme UDAAN.: Arun Jaitley
- FM says allocate Rs 1.38 lakh cr in FY19 Vs Rs 1.22 lk cr in FY18 for govt health and education programmes.
12:14P.M.(ISD)
- Increasing safety in the rail network “Focus will be on safety, maintenance of railway tracks, increase in use of technology and fog safety devices. to eliminate 4,267 unmanned rail crossings at broad gauge network,” says FM.
- After Aadhaar, a unique identity for every business, Added by Arun Jaitley
- The finance minister proposes two defence industrial corridors in the country to promote domestic production in both public and private sectors.
12:18P.M (ISD)
- Will take all steps to eliminate the use of Cryptocurrencies, will encourage Blockchain technology in payment systems: Jaitley
- Emoluments of the president to be revised to Rs 5 lakh, Rs 4 lakh for the vice president and Rs 3.5 lakh for governors: FM Arun Jaitley
12:25P.M.(ISD)
- Revised Fiscal deficit FY18 at Rs 5.95 lakh cr, or 3.5% of GDP. Committed to 3% fiscal deficit in FY19: FM Jaitley
- FM Jaitley also Added personal tax buoyancy has improved significantly.
12:35P.M(ISD)
- FM says Rs 90,000 cr extra collected as personal Income Tax in last 1 year. will continue with tax policies that reward honest tax payers.
12:38P.M(ISD)
- Exemptions for senior citizensFor senior citizens, exemption of interest income on bank deposits raised to Rs 50,000, says FM
- Tax rateJAITLEY PROPOSED TO CUT CORPORATE TAX TO 25% FOR FIRMS UPTO RS 250 CRORE ANNUAL TURNOVER. TAX RATE UNCHANGED FOR INDIVIDUALS.
- Standard deduction of Rs 40,000 for salaried taxpayers, Added Arun Jaitley.
- Indian economy now a $2.5 trillion economy: Jaitley
- MSP of kharif crops to be 1.5 times of cost of produce: FM
- Fisheries and Aquaculture fund and Animal Husbandry fund for infrastructure; Rs 100 bn allocated
- Allocation in food processing sector will be doubled from Rs 7.1 bn in FY18 to Rs 14 bn in FY19
12:42P.M(ISD)
- Standard Deduction Of Rs 40,000 For Salaried Employees In Lieu Of Transport, Medical Expens
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Customs duties hiked on mobiles to 20 precent from 15 per cent; on TVs to 15 prevent to boost domestic manufacturing.
1:00P.M.(ISD)
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No change in the existing Securities Transaction Tax’ says Finance Secretary Hasmukh Adhia
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